Basic Policy on Distribution of Profits and Dividends
Nihon Kohden recognizes that returning profits to shareholders is one of management's most important tasks. The basic policy on distribution of profits and dividends is to maintain stable and continuous dividend payments while retaining necessary reserves for future business expansion. The priority for distribution of profits is i) investment necessary for future business expansion used in R&D investments, capital investments, M&A or alliances, and development of human resources, ii) dividends, and iii) share buybacks. The Company sets a target consolidated dividend payout ratio of 30% or more. Share buyback is considered in a flexible manner, taking into account comprehensively its future business deployment, investment plan, retained earnings, and stock price level.
Dividend per Share and Consolidated Dividend Payout Ratio
(Yen) |
FY
Ended March 2019 |
FY
Ended March 2020 |
FY
Ended March 2021 |
FY
Ended
March 2022 |
FY
Ending March 2023 |
---|---|---|---|---|---|
Dividend per Share
Full-year Dividend
Interim Dividend Year-end Dividend Special Dividend 70th Anniversary Dividend |
35.0 17.0 18.0 - - |
35.0 17.0 18.0 - - |
55.0 17.0 18.0 22.0 - |
67.0 19.0 20.0 15.0 13.0 |
- 20.0 - - - |
Consolidated Dividend Payout Ratio (%) |
27
|
30
|
26
|
24
|
-
|

Repurchase of Treasury Stock
Date of Repurchase | Number of Shares Repurchased (shares) |
Total Repurchase Amount (million yen) |
---|---|---|
May 16, 2022 to June 2, 2022 | 322,500 | 999 |
February 3, 2022 | 289,800 | 896 |
May 14, 2021 to June 22, 2021 | 473,900 | 1,499 |
March 2, 2018 | 500,000 | 1,470 |
March 11, 2016 | 2,000,000 | 5,834 |
June 2, 2015 | 200,000 | 599 |
November 27, 2007 | 100,000 | 252 |
February 20, 2007 | 285,000 | 733 |
February 17, 2005 | 300,000 | 396 |
September 13, 2002 | 920,000 | 430 |
Cancellation of Treasury Stock
Date of Cancellation | Number of Shares Cancelled (shares) |
Ratio of the Total Number of Shares Issued Before the Cancellation |
---|---|---|
June 10, 2022 | 500,000 | 0.56% |
May 21, 2018 | 1,000,000 | 1.11% |
May 20, 2015 | 1,800,000 | 1.97% |